Gamestop vs. Wall Street
In an interesting turn of events, the battle seems to be still on.
A hedge fund goes for a USD 2bn short on a company that’s business is more or less extinct. A couple of retail investors start a ‘movement’ on a Reddit thread, get Chamath and Elon to tweet about it and this is what happens to the stock.
No, it went all the way up to USD 389 from USD 3 in like 3 days!
Until today, when retailers could no longer punch their buy orders on the Robinhood app!
This even led AOC to tweet about it.
This is unacceptable.
We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.
As a member of the Financial Services Cmte, I’d support a hearing if necessary.
Motherboard @motherboard
Who do you think will win this battle?
PLI Pitch to the world?
The capitalism vs. socialism debate.
In '92 India opened its economy to the world and we moved from a closed to an open economy.
A short thread🧵
Cut to 2021, I was listening to @neelkanthmishra talk about PLI incentives and heard a beautiful comment which summarized the whole evolution in one instance.
- 'Earlier the government would distribute Rs. 100 to 100 people, it would ideally get pocketed than collectively getting channelized to its true end-use. Today with the PLI incentive scheme,
- it is more merit-based and will help the industries with a certain threshold truly achieve potential and scale-up."
So what's the takeaway? Free markets will always ensure competitive advantage keeps scaling up
Thoughts? @b50
@sanjeevsanyal @theBuoyantMan - would love to hear.
Read more about it here.